Tag Archives: Reserve Funds

HOA Cash Management Programs

Cash Management Programs for Community Associations

Board members have the fiduciary responsibility not only to monitor the income and expenses of their association but also to utilize processes that provide both safety for assessments collected from homeowners and control of costs. If your community association or management company has not recently reviewed your payment processing and cash management systems, you may be unaware of innovations that can make your staff more efficient, save money and help to increase your investment earnings.

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HOA Capital Improvements:

What You Need to Know

Some states and governing documents place restrictions on boards’ actions on capital improvements. Example? Restricting how much money boards can spend on capital improvements without owner approval. Here, we explain what a capital improvement is and discuss various restrictions you should be aware of.

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